01-01-2018, 11:31 PM
So let's see if I understood this correctly. Basically any tinkering with the portfolio after February will lead to massive capital gains taxes? So this is a true buy-hold-don't even look type of situation? In that case the 50 stocks might be a good number, but if you have any breathing room with making trades inside the portfolio then I would highly recommend somewhere around 30 stocks... keeping an eye on 50 stocks takes a lot of time.
It's quite a challenge indeed to buy into something for 40 years if you have no viable exit strategy. Is the endgame simply to leave this money for your kids? Because, if I understood it correctly, if you want to use it yourself then you'll end up paying the taxes at some point anyway. Keep in mind, you've hopefully got another 40 years left to roam around the planet.
It's quite a challenge indeed to buy into something for 40 years if you have no viable exit strategy. Is the endgame simply to leave this money for your kids? Because, if I understood it correctly, if you want to use it yourself then you'll end up paying the taxes at some point anyway. Keep in mind, you've hopefully got another 40 years left to roam around the planet.